Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 9,429 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,429 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were purchased at an average price of $4.45 per share, for a total transaction of $41,959.05. Following the acquisition, the chief executive officer directly owned 2,244,311 shares of the company’s stock, valued at $9,987,183.95. This trade represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bin Zhao also recently made the following trade(s):

• On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The stock was purchased at an average price of $4.38 per share, with a total value of $39,836.10.
• On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The stock was purchased at an average cost of $4.47 per share, with a total value of $42,684.03.
• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, for a total transaction of $13,410.00.
• On Monday, October 26th, Bin Zhao acquired 7,692 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, for a total transaction of $34,383.24.
• On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The shares were purchased at an average cost of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The stock was acquired at an average price of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The stock was acquired at an average cost of $4.40 per share, with a total value of $39,551.60.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The stock was acquired at an average cost of $4.46 per share, with a total value of $42,427.98.
• On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The shares were acquired at an average price of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The shares were acquired at an average cost of $4.43 per share, for a total transaction of $38,984.00.

Agora Stock Down 3.9%

NASDAQ:API opened at $4.16 on Wednesday. The business’s fifty day moving average price is $4.22 and its 200 day moving average price is $4.16. The firm has a market capitalization of $363.25 million, a price-to-earnings ratio of 37.82 and a beta of 0.88. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. Agora, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year high of $5.49.

Agora (NASDAQ:API) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The firm had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. On average, sell-side analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC lifted its holdings in shares of Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after buying an additional 10,021 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Agora in the 2nd quarter valued at approximately $55,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Agora in the 2nd quarter valued at approximately $101,000. 40.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

API has been the topic of several research reports. Bank of America upped their price objective on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.80.

About Agora

Agora, Inc (NASDAQ: API) is a technology company that provides real-time engagement software and infrastructure. Its platform enables developers and businesses to add voice, video, interactive live streaming, messaging, and other real-time communication features to websites and mobile applications.

The company offers software development kits and application programming interfaces for services such as real-time communications, interactive broadcasting, in-app chat, signaling, and related engagement tools.